EU Sets Nov 16 Deadline for UniCredit Deal
EU antitrust regulators will decide on UniCredit's takeover of Commerzbank by November 16. UniCredit has secured nearly half of Commerzbank's shares, while the German government retains a 13.3 percent stake.
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UNICREDIT SPA has sought antitrust approval from European regulators for its takeover of COMMERZBANK AG, with a decision expected by November 16. The cross-border pursuit highlights Italy's growing push toward banking consolidation to create pan-European lenders. Germany retains a 13.3% stake in the lender, while the acquirer has already secured nearly 50% of the share capital.
